Blog of the Credit Management and cash collection
Zoom on Risk Management in Export business
How to manage the export credit risk? Which security tools to use? Read our tutorials and tools to identify, assess and cover risks.
Find our eight tutorials and eighteen tools concerning this essential part of the credit manager job where cash management is intrinsically linked to the risk management in export business. In export, everything is more complex. The risks are numerous and of many natures. The high value...10-04-2019
Last news of My DSO Manager
Continuous improvement while keeping the intuitiveness of the software is the leitmotif of My DSO Manager, SaaS solution for managing cash collection.
Here are the new features recently added to My DSO Manager: Automatic actions ? set the days and time slots for sending automatic e-mails New Hashtags to manage amounts in different currencies ? add _per_currency at the end of each Hashtag in order amounts are grouped by...09-18-2019
How to rejuvenate your aging balance?
What is the goal of an aging balance? To rejuvenate of course! A serious facelift is however an absolute necessity for any company that wishes to improve its cash flow and maintain its profitability!
The aging balance, this classic tool in terms of appreciation of collection performance, deserves that we take some time to really exploit it and also know how to rejuvenate it. Little reminder: Constituted of different buckets, it looks as a simple tool. The standard approach is to...07-19-2019
Why should you use a cash collection software?
What interest can a find SMEs to use specialized software in credit management
Cash is the lifeblood of any business. Cash makes possible to meet its obligations to its suppliers and financial partners. Cash allows the payment of salaries, and provides the ability to invest and develop the business. This assumption is generally accepted. Almost all leaders and business...07-18-2019
For his 4 years, My DSO Manager celebrates his 523rd customer!
My DSO Manager is four years old, a rebellious age for kids, and strong growth for the flagship credit management solution.
Faced with the difficulties of the companies, resulting from a deficient management of the accounts receivables, the first idea of My DSO Manager is to bring a relevant, very effective and affordable solution for VSE / SME as well as to big international groups. Some references: The...07-02-2019
Improve your business with debt collection
As the last step in the sales process, cash collection management collect all its dysfunctions, which represents a unique and often untapped opportunity to identify and fix them.
This tutorial highlights the potential for business improvement through debt collection. It demonstrates and explains how this function can both accelerate customers payments, improve customers satisfaction, and help resolve internal malfunctions. Demonstration, practical cases, ... ...06-27-2019
The 6 rules to manage inventories and optimize WCR
Key element of the Working Capital Requirement, inventory should be optimally managed for cash flow, logistics and profitability reasons.
WCR or working capital requirement is a critical indicator for any business that is subject to delays between making and receiving payments. Trade and distribution activities are particularly concerned and should be more closely monitored. Management of customer and supplier debt is essential...06-03-2019
Zoom on credit analysis
Key step in the B to B sales process, credit analysis lifts the veil of ignorance and illusion in order to confront to reality, which alone makes possible to act to increase profitable turnover for your business
Find here our tutorial about credit analysis, sometimes ignored, often neglected, especially in small and medium-sized enterprises, which are the most fragile in front of unpaid invoices. Credit analysis is not just an activity of bankers, far from it! It should be carried out by any entity...05-15-2019
QuickBooks users, improve your cash collection with few clicks
Synchronization of your Quickbooks customers and billing data with My DSO Manager is done automatically every day and activated in a few clicks. It allows you to immediately use our innovative Accounts Receivable management software.
Are you a Quickbooks user? Get your data in My DSO Manager in a few clicks thanks to the connector accessible from your account. You can use the credit management software immediately without setup cost! Find My DSO Manager in the App Store of Quickbooks! Sync your customers and receivable...04-30-2019
Track your current month's recovery rate on My DSO Manager
Positive and stimulating indicator, the recovery rate boosts the pursuit of your collection objectives!
Would you like to know the total amount to be collected by the end of the month for your company or by customers' portfolio, and to monitor in real time your progress in the collection of these amounts? To do that, look at the payment schedule report on your My DSO Manager account which now...03-26-2019
Zoom on the DSO
Imperfect but nevertheless key performance indicator to the Accounts Receivable management, find on Credit tools the tutorials as well as online or Excel calculation tools.
The DSO, which stands for Days Sales Outstanding, can be calculated in different ways. It is an important indicator that directly affects the company's working capital requirement (WCR). It represents the number of days of turnover invoiced and not yet cashed in. Sometimes misunderstood, its...03-15-2019
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